Verizon heads into volatile week after FCC decision, Friday drop
Verizon shares fell 1.47% to $46.37 Friday, marking a third consecutive decline and a weekly drop of 1.8%. The FCC on Thursday approved Verizon’s $1 billion spectrum purchase from U.S. Cellular, and the company announced a planned rural coverage venture with AT&T and T-Mobile. Trading volume was 23.3 million shares, below the 50-day average, amid a broader telecom and market selloff.